http://www.warthog.co.uk
Daily Execution Price and Volume

Major Shareholders
( 4 Nov 04) 367.48m 1p Ords - Evo Noms Ltd 9.12%, Broughton Ltd 8.16%, Chase Nominees Ltd 4.76%, Barclayshare Noms Ltd 4.71%, Goldman Sachs Secs (Noms) 4.18%, HSBC Global Cust Noms (UK) 3.81%, Gartmore Inv Ltd 3.09%, A J Hall 2.05%, Other Dirs 1.34%.
http://www.hemscott.com/internet/custom/whog/
Trades over 90,000 shares are delayed in reporting by 1 hour.

03 November 2004
WARTHOG PLC
DISPOSAL OF SUBSIDIARIES

The board of Warthog plc (the 'Company') announces that it has today completed
the sale of all of the Company's subsidiaries to Tiger Telematics, Inc ('TGTL')
together with the transfer to TGTL of certain intra-group indebtedness due to
the Company. The total consideration including assumed indebtedness is $8.11
million of which $1,113,000 will be paid in cash and $7 million satisfied by way
of an allotment of 497,866 shares of common stock in TGTL at $14.06 per share,
being the average mid market closing price of a TGTL common share over the 14
days preceding completion. These shares are restricted stock and as such can
only be traded on or after the first anniversary of completion (the
'Anniversary') in accordance with U.S. securities laws. Up to the Anniversary,
these shares will be held in escrow against any claim arising under certain
warranties, tax indemnities and completion account net asset value adjustments
set out in the sale and purchase agreement. 150,000 of the cash consideration
will also be held in escrow until the Anniversary, pending specific warranties.
The Company has waived the balance of all other amounts due to it by its former
subsidiaries.

Upon completion of the transaction, the executive directors Ashley Hall, Steven
Law and Simon Elms together with one other remaining employee of the Company
will transfer employment to TGTL leaving Ian Templeton FCA and David Robinson as
non-executive Directors of the Company. The Company has also undertaken to
change its name and will be calling an EGM to effect such a change in due course
and will at that time update shareholders further.

The board of Warthog plc has sought to complete this transaction as rapidly as
possible (and therefore did not elect to seek shareholder approval) because the
group has continued to face difficult trading conditions within the games
development industry, as reported in the Company's Final Results on 28 September
2004, which has put the group under ongoing financial pressure. In addition,
TGTL required the transaction to be consummated as expeditiously as possible, in
conjunction with the commencement of shipping of its Gizmondo product into the
UK. The transaction leaves the Company having discharged substantially all of
its liabilities and with a valuable shareholding in TGTL which will be capable
of realisation in a year's time. The realisable value of this shareholding
depends entirely upon the commercial success of TGTL and the performance of the
TGTL shares on the financial market.

The board considers, in conjunction with its advisers, that this transaction
represents the best available outcome for the Company and its shareholders.

Tiger Telematics, Inc is listed on the 'NASDAQ Other OTC Market' under symbol
'TGTL'. TGTL's publicly stated intention is to apply for a listing on the
'NASDAQ National Market' in December 2004. TGTL is a designer, developer and
marketer of mobile telematics systems and services that combine global GPS
functions and voice recognition technology to locate and track vehicles and
people down to street level in countries throughout the world. The systems are
designed to operate on GPS and are currently being marketed to GSM current and
potential subscribers, primarily by the company's United Kingdom based
subsidiary, Gizmondo Europe Limited ('GEL'). GEL is a wholly owned subsidiary of
TGTL and is the maker of the Gizmondo, a next-generation mobile entertainment
device which includes games, built-in music, video, messaging and picture
functions and GPS. On 29 October, TGTL began shipping its first generation
product as part of a strategic retail roll out in the UK.

The transaction gives GEL access to existing games content and porting
technology to enable the transfer of titles developed for use on other platforms
on to the Gizmondo handheld device. Warthog plc shareholders will therefore
benefit from continued investment in TGTL as it seeks to exploit the games
content and technical capabilities that the Company has developed over the past
few years.

As previously announced on 12 October 2004, GEL is interested in 8.62 per cent.
of the Company's current total issued ordinary share capital.

About the Gizmondo device
The Gizmondo is powered by a Microsoft Windows CE.net platform, boasts a
2.8-inch TFT colour screen with a Samsung ARM9 400Mhz processor and incorporates
the GoForce 3D 4500 Nvidia graphics accelerator. It provides cutting-edge
gaming, multimedia messaging, an MP3 music player, MPEG4 movie playing
capability, a digital camera and a GPRS network link to allow wide-area network
gaming. Additionally, it contains a GPS chip for location based services, is
equipped with Bluetooth for use in multi-player gaming and accepts MMC card
accessories.

The Gizmondo device and its games are due for launch in the UK in the fourth
quarter 2004 and in North American markets from the first quarter 2005.

Further information on TGTL, GEL and the Gizmondo device can be found at:
www.tigertelematics.com
www.gizmondo.com
Enquiries:
Ian Templeton
Chairman - Warthog plc
Tel: 0870 122 5420

6 November 2004.
Daily Mail Newspaper : Page 80.

DEALERS believe that Warthog, 0.11p dearer, could be a good recovery punt. More than 52m shares in the computer games developer changed hands on hopes that the worst is over. Tiger Telematics, a leading European games console maker grabbed it by the tusks in October when it bought its subsidaries, intellectual properties and assests. In return Warhog acquired a stake in TT which is now worth at least 3p per share.

begorrah! tis the luck the oirish.. given there were a lot of sells recently, and the info supplied, looks like GE are waiting for some hard facts before big news - cuurent launch seems to be a "pilot" or "statement of intent", with other phases coming on board shortly - seems daft to bail out now

so why the sells and sp back the other way - can anyone explain? or is it bank hols blues

imho - I think what we are seeing here is large institutions (and particularly pension companies) closing off some of their less profitable long positions before the end of their financial year (30 march for pension companies). Individual fund managers will want to clear their books of such stocks so that they may present more positive looking accounts to their bosses (and keep their jobs for another year).

This is happening across the board with a lot of stocks that aren't quite delivering the promises. I still believe there is good value in WHOG - but we may have to wait out the whole year.

Also TGTL sp was down lower.

Big buy this morning though, which might pep things up.

Keep the faith :-)

interestingly buys outnumber the sells..

9,713,749 sells to 665,964 buys!

Great News but still they fall!!!
Gizmondo(TM) Confirms UK Stockists



LONDON, March 30 /PRNewswire-FirstCall/ --

- Countrywide Retailers Confirmed Following Successful London Launch Event

Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc. (OTC: TGTL; OTC: TGTL.PK), today confirmed that major retail groups, John Lewis Partnership, The Carphone Warehouse and GameStation will be stocking the Gizmondo from this weekend, following the successful launch of its own Regent Street flagship store on 19th March.

The John Lewis Partnership, as previously announced, will be featuring the Gizmondo multi-entertainment device in its leading stores, namely; the London stores of Oxford Street and Peter Jones (Sloane Square), Milton Keynes, Newcastle, Cheadle, Brent Cross, High Wycombe, Bristol, and Bluewater. The group will also be selling the handheld device online through their website, www.johnlewis.com.

Julie Mitrovic, Assistant Buyer, John Lewis Partnership, says: "We identified last year that Gizmondo's arrival would expand the popular handheld gaming genre, and through its unique convergence of music and movie features, will prove an exciting addition to our assortment."

In Manchester, The Carphone Warehouse (CPW) will be featuring Gizmondo in selected stores from this weekend as a leading product in their entertainment category, which covers portable audio and video players, and gaming devices. CPW will also be retailing the Gizmondo from their website at www.carphonewarehouse.com/entertainment.

Kevin Gillan, Group Director of Business Development, CPW, says: "Our stores attract a variety of customers looking for handsets and mobile entertainment devices. With its wide range of features and functionality, the Gizmondo will have appeal to the customers we get in our stores."

GameStation, the fastest growing retailer of computer and video games in the UK, will be ranging the Gizmondo handheld device in Edinburgh and Birmingham. GameStation is a key destination for the Gizmondo consumer, both in terms of the launch demographic and the mainstream video gaming audience.

Carl Freer, Co-founder and Chairman, Tiger Telematics, says: "We were delighted by the response we received from the public at the recent opening of our own Regent Street store. We are now committed to building on that success and ensuring that we bring the benefits of the Gizmondo on a national level. We're pleased to have John Lewis, The Carphone Warehouse, and GameStation on board, and will be fully supporting their launches with comprehensive retail marketing campaigns, to include TV, outdoor and print media."

Editor's Notes

About Gizmondo

0057659, like many other stocks across the market, the sellers are out in force taking what ever profit they can for the end of the current tax year and account for CGT. Hopefully next week will be a different picture when they start buying back to rebuild portfolios.

d - yes my other shares are suffering the same fate currently, now proceeding back in the right direction albeit slowwwly, john50 - mt's comment was correct at the time of psot - looks like a couple of big buys ? went thro earlier today - at these levels whog seems a very good prospect again, sadly no cash to dash and splash out on :-(

m100,what are you on about?

just a comment on the posts mtwallit 838 of 843 john50 839 of 843 - not imprtant now..looking at the 0057659 - press release psot looks like the media ball is rolling hopefully, see some upsurge next week once in April

I had to buy some more this morning. Tiger appears to have tested its lows. Looks like more units have arrived from the factory and about to be released. I would stll like to see a news release on the shipments to the far east & anzac.

just got in with a few more - missed the lows, it was rising faster than I could transfer money!

This article on TheRegister site yesterday
http://www.theregister.co.uk/2005/03/31/gizmondo_retail_deals/
Personally, I have not seen that much advertising but maybe it has been local rather than national.

The tv advertising is targeted at the younger generation so is shown on the likes of MTV and C4, E4.

Tiger down to $16 -- a 14.89% drop. Must admit, starting to have some doubts myself now. Will wait and see what happens in the US on Monday. Any further south and I'm outta here!

Paulo2, WHOG have 497,866 shares in TGTL now at $15.9 which is $7,960,877. WHOG has 347.6m shares issued which then values each share at approx 0.012p using $1.86 = 1GBP as exchange rate. So what we actually have now is a WHOG share value on par with TGTL i.e. all the discount eroded at this moment. Personally, I do not think the TGTL share will move much until the USA becomes more aware of the Gizmondo product when it starts being sold in their own backyard. Had TGTL got their NASDAQ listing, the whole world could contribute to the sp but as yet it is still exclusive to the Americans as an OTC share. Do they (the Americans) know what's happening here re. the Gizmondo or in Ireland or in Europe? IMHO I think not. Personally, I will only suffer a loss if I sell so I'm sticking with it for the time being. Hope you get lucky.

this share price is a collosal drop on recent form.Very concerning. The hype on its own should have kept it $20+(IMO). I dont see why with no negative announcements it would have halved on its $30 + peak. Is it because they can now see the product in the flesh now and do not rate it ?

Just my saturday morning musings.

A good post from Deancroft and Willfagg. I was going to ask why the sudden drop in TGTL. I wonder if the WHOG management, although they obviously couldn't sell the TGTL stake, took out option cover when the price rose to $30? Would this not have been prudent management practice? (For those that don't wish to look through 852 previous posts, this was something that I mentioned at the time :-). I didn't take option cover a) because I don't tend to use options, b) I have a spread of assets, (unlike WHOG!), and c) I didn't have $ 15 M of TGTL stock in one basket.

Also wondered if any of the people who have been using more cash to buy more shares, (see various posts from others above) actually spent some of it on a Gizmondo ? Have any of them been to a shop and seen a Gizmondo? If so, what are their impressions.

I must admit that I didn't realise until I read it last weekend that there are only 2 games actually available on the Giz, (the rest are still in development). I personally think that most people think that the Giz is just another portable gaming machine and in that belief are waiting for the new Sony PSP instead.

I appreciate that Giz only has to capture a small percentage of the market to make alot of money, (relatively), but, as I think has been posted before, it would be good to hear how many of the 'pre-orders' have been fulfilled with sales and how many units they have actually sold since launch.

Drove to Manchester from Liverpool this morning to buy a Giz. When I asked the bloke behind the counter for a Gizmondo he didn't have a clue what I was talking about. So I made him look on the computer where he discovered that his firm was actually selling the Giz -- but by mail only. I've paid my 229 and am expecting it on Tuesday now.

Things really aren't looking very good for WHOG at the momemt IMHO, especially when you see press releases like the this one:

"The Gizmondo console launched only last month in the UK has run into trouble with the changing of the clocks in the UK. For some reason the new handheld developed by Tiger Electronics wasnt prepared for the yearly shift in time each year in the spring.

As a result of the UK going into British Summer Time, a bug has been exposed in the shell script that will effect how the device works.

Speaking to Gizmondo, it said that updates will be send out to the purchasers of the device via either SD cards or GPRS upgrades on the 14th of April.

The setback comes as Gizmondo announced that it will be selling the handheld console in John Lewis, Carphone Warehouse and GameStation in the UK."



My main concern right now is that Tiger and the Giz may well go on and have a brilliant future, but the Hog has only until November.

Like I said in a previous post I will wait to see what happens to TGTL's SP on Monday and whether the Giz is actually as good as I hope. If it ain't looking good then I may get out of WHOG and put the cash in to Tiger when it releases in America or we see some sales figures.

LOL

PS, Dean, I think there are closer to 380m WHOG shares which would mean the HOG is overvalued.

Paulo.
The business about the internal clock was an April Fools day crack by the accounts of those that have the Giz and experienced no such problem.
If you go to the SEC filings site of Nasdaq, you will see that Tiger has just filed some reports. In those filings it states that the remaining reports will be submitted within 10 - 15 days. It can then request a switch to the main board.
What annoys me is that I was informed in January by TGTL that it had complied with every aspect of the application process and was awaiting clearance of the backlog. I can only assume that the people in Florida are responsible for compliance and screwed up. Reading between the lines, I see the delay has been with carrying out an independent financial audit of the accounts, 2003 & 2004, and compiling the annual reports. 2003 has now been submitted. 2004 due in 15 days.